For the best experience on our site, please enable javascript.

Scholarship Types

Planned gifts make the most significant impact of any gift at William Carey University.

As most donors carry their largest assets in the form of investments, life insurance, or their estate itself, any donor that wishes to dedicate a portion of these assets to the university will make a tremendous impact. These donations may be in the form of stock, bonds, real estate, retirement assets, life insurance, or other funds through a bequest or trust.

Please view the following options for planned giving:

Restricted Scholarships

Restricted scholarship funds require no minimum investment and are awarded directly to deserving students based on donor-advised criteria. These scholarships provide support to students in the exact amount donated in a given year and are not perpetual in nature. Donors to restricted scholarships must contribute each year in order to maintain a fund.

Endowed Scholarships

Endowed scholarship funds require a minimum corpus of $10,000 for establishment using two basic selection criteria OR $15,000 for more specific selection criteria. The corpus of each scholarship is invested with the Mississippi Baptist Foundation and awarded at an estimated 4.5% rate of return from the investment. For example, on average a corpus of $10,000 will produce a $450 scholarship each year. The benefit of endowed scholarships is that they are perpetual in nature and will deliver scholarships to student indefinitely.